0:00:05 > 0:00:08This is Business Live from BBC News with Samantha
0:00:08 > 0:00:12Simmonds and Ben Thompson.
0:00:12 > 0:00:13A milestone for tourism to Tunisia.
0:00:13 > 0:00:17The travel operator Thomas Cook resumes holidays to the country
0:00:17 > 0:00:20for the first time since the terror attacks 3 years ago.
0:00:20 > 0:00:22Live from London, that's our top story
0:00:22 > 0:00:25on Tuesday 13th February.
0:00:40 > 0:00:42Can Tunisia bounce back following those
0:00:42 > 0:00:44devastating attacks?
0:00:44 > 0:00:48We'll take a look at what's changed since 2015.
0:00:48 > 0:00:52Also in the programme...
0:00:52 > 0:00:56The US President unveils his 1.5 trillion dollar infrastructure plan,
0:00:56 > 0:00:59but is it what the market is looking for following the recent
0:01:00 > 0:01:06ups and downs?
0:01:06 > 0:01:11And you can see the markets, the FTSE opening up just a fraction.
0:01:11 > 0:01:12And a hairbrained idea?
0:01:12 > 0:01:14We'll meet the man dismissed from Tv's Dragon's Den,
0:01:14 > 0:01:16but went on to launch a multi-million dollar business
0:01:16 > 0:01:21selling hairbrushes.
0:01:21 > 0:01:23He is here and he will explain how.
0:01:23 > 0:01:25And as a new report says more
0:01:25 > 0:01:28than a quarter of young people want to run their own firm -
0:01:28 > 0:01:31we want to know, if you could quit work and start your own firm,
0:01:32 > 0:01:33what would it be?
0:01:33 > 0:01:35Let us know, use the hashtag BBCBizLive.
0:01:41 > 0:01:44Hello and welcome to Business Live.
0:01:44 > 0:01:47It's been nearly three years since attacks by so-called
0:01:47 > 0:01:51Islamic State in Sousse and Tunis killed 60 people in Tunisia.
0:01:51 > 0:01:53The majority of the victims were European tourists.
0:01:53 > 0:01:57At the time tour operator Thomas Cook stopped
0:01:57 > 0:02:01operating in the country - but now it's announced it will start
0:02:01 > 0:02:04selling trips there again today. Tunisia has been making
0:02:04 > 0:02:09a slow recovery since the terror attacks.
0:02:09 > 0:02:18In 2017 the National Office of Tunisian Tourism say that
0:02:19 > 0:02:206.7 million tourists visited the country,
0:02:20 > 0:02:22a rise of 23 percent
0:02:22 > 0:02:23compared with the previous year.
0:02:23 > 0:02:25Egypt has also suffered from recent terror attacks.
0:02:25 > 0:02:27This includes the 2015 bombing of a Russian airliner
0:02:27 > 0:02:28which killed 224 people.
0:02:28 > 0:02:31But earlier this month, the Kremlin resumed flights to the country
0:02:31 > 0:02:37after a 26 month suspension.
0:02:37 > 0:02:39Thank you.
0:02:39 > 0:02:41With me is Sarah Grady, Travel and Tourism analyst,
0:02:41 > 0:02:47Global Data.
0:02:47 > 0:02:51Good morning and welcome. I wonder if we could start with how
0:02:51 > 0:02:54significant this move is, Thomas Cook saying it will begin selling
0:02:54 > 0:03:00holidays are gay, bell-macro selling holidays again.
0:03:01 > 0:03:08Does it mean?In terms of the impact it can have on Tunisian tourism and
0:03:08 > 0:03:14the economy as a whole, it is huge. How badly affect it was said? This
0:03:14 > 0:03:19awful terror attacks, what does it do to a tourist economy like
0:03:19 > 0:03:25Tunisia?The Tunisian economy is so dependent on tourism, it had a
0:03:25 > 0:03:32devastating effect, UK arrivals fell by an think 90% from 2014 until now,
0:03:32 > 0:03:39a huge impact. Going forward it bodes well to have different
0:03:39 > 0:03:42carriers going out there and allowing people to go on holiday to
0:03:42 > 0:03:47Tunisia again.You think Thomas Cook saying it is OK will give people
0:03:47 > 0:03:54confidence too big?Absolutely. I think with some that is renowned for
0:03:54 > 0:03:58its speech and sunshine holidays, if you want a beach holiday you don't
0:03:58 > 0:04:04want to think about whether it is safe, your insurance being
0:04:04 > 0:04:07invalidated, the package providers going out there provides confidence.
0:04:07 > 0:04:13So where have people been going since these package holidays were
0:04:13 > 0:04:17polled, it was very popular?We have seen people go to similar
0:04:17 > 0:04:22destinations, Greece, Cyprus, even more recently Egypt and Turkey have
0:04:22 > 0:04:27been improving, it can bounce back. The infrastructure and what we know
0:04:27 > 0:04:31about what has happened to those hotels in three years, have they
0:04:31 > 0:04:34been lying dormant, the infrastructure may not be update, it
0:04:34 > 0:04:39will take a little bit of time to get back up and running.Of course.
0:04:39 > 0:04:45I think this is a test season, we need to see how these trips go and I
0:04:45 > 0:04:49expect going forward we will see other carriers opening rates and
0:04:49 > 0:04:53it's a case of time. There will have been a lot of improvements in
0:04:53 > 0:04:58security, both border control and actually on the ground, I think it
0:04:58 > 0:05:03bodes well. Interesting milestone as you say.Absolutely. Sarah, thank
0:05:03 > 0:05:13you. Let's look at some of the other stories making the news.
0:05:13 > 0:05:15Starting today, Japanese cryptocurrency exchange Coincheck
0:05:15 > 0:05:17will allow customers to withdraw money from its portal.
0:05:17 > 0:05:19Just over two weeks ago, the exchange abruptly announced
0:05:19 > 0:05:21the suspension of a number of services after hackers stole
0:05:22 > 0:05:23$530 million worth of digital money.
0:05:23 > 0:05:26A BBC study has found that a quarter of property in England and Wales
0:05:26 > 0:05:28owned by overseas firms is held by entities registered
0:05:28 > 0:05:30in the British Virgin Islands.
0:05:30 > 0:05:3223,000 properties are owned by nearly 12,000 firms registered
0:05:32 > 0:05:40in the overseas territory - that's more than any other country.
0:05:40 > 0:05:43India's Tata Steel says it will invest over $100 million
0:05:43 > 0:05:45to repair a blast furnace at Britain's largest steelworks
0:05:45 > 0:05:47in Port Talbot, in South Wales.
0:05:47 > 0:05:49The move would extend its life by seven years and ease concerns
0:05:49 > 0:05:51about Tata's commitment to making steel in Europe.
0:05:51 > 0:05:54It comes after the firm signed a preliminary deal
0:05:54 > 0:05:59to merge its European steel assets with ThyssenKrupp.
0:06:10 > 0:06:12Let's stay with manufacturing, this time in Asia.
0:06:12 > 0:06:15General Motors is to shut one of its four plants
0:06:15 > 0:06:17in South Korea as it tries to make its Asian Business
0:06:17 > 0:06:18more profitable.
0:06:18 > 0:06:21The plant - which was only running at 20% capacity -
0:06:21 > 0:06:22will close in May.
0:06:22 > 0:06:24Monica Miller is in Singapore to explain why the firm
0:06:24 > 0:06:29is taking this step...
0:06:29 > 0:06:33Welcome, I guess it makes financial sense. The company has been in the
0:06:33 > 0:06:38process of downsizing globally, the automotive maker sending this
0:06:38 > 0:06:43message to South Korean workers, the world focusing on the Pyeongchang
0:06:43 > 0:06:47all in games, this is no coincidence, General Motors has had
0:06:47 > 0:06:52several rocky battles with the unions that represent over 16,000
0:06:52 > 0:06:56Korean factory workers and this is about to cut costs to stem losses.
0:06:56 > 0:07:01The announcement was made by General Motors career saying it plans to
0:07:01 > 0:07:06close one other four plans in an effort to cut costs and downsize
0:07:06 > 0:07:11overseas operations. They agreed in this to pay a charge of $850 million
0:07:11 > 0:07:18for the closure impacting more than 2000 employees on a coastal city,
0:07:18 > 0:07:22the close-down expected in the month of May. The plans and South Korea
0:07:22 > 0:07:30make cars exported to dozens of different countries including Buick
0:07:30 > 0:07:37SUBs. This is not just the impact and South Korea, units in India,
0:07:37 > 0:07:41Russia, western Europe and Southeast Asia have been downsized are closed
0:07:41 > 0:07:46and the company has been putting more resources into China, it sells
0:07:46 > 0:07:50for more cars, SUBs and trucks than any other country in the nation.
0:07:50 > 0:07:53Monica, thank you.
0:07:53 > 0:07:56Let's take a look at the markets.
0:07:56 > 0:07:58Asian stocks pulled further away
0:07:58 > 0:07:59from two-month lows on Tuesday,
0:07:59 > 0:08:01lifted by Wall Street's extended rebound from last week's steep fall,
0:08:01 > 0:08:04but investors remained cautious ahead of U.S.
0:08:04 > 0:08:10inflation data later in the week.
0:08:10 > 0:08:25The Hang Seng is up, as was Dow Jones. The FTSE down a fraction.
0:08:25 > 0:08:27And Joe Miller has the details about what's ahead
0:08:27 > 0:08:33on Wall Street Today.
0:08:33 > 0:08:34On Tuesday it's all food and drink.
0:08:34 > 0:08:37We'll hear from Coca-Cola rival, PepsiCo, which is reporting
0:08:37 > 0:08:38fourth-quarter earnings.
0:08:38 > 0:08:40And the company has recently launched Bubbly, it's a sparkling
0:08:40 > 0:08:42water brand aggressively marketed to millennials, complete
0:08:42 > 0:08:43with an expensive ad campaign to coincide
0:08:43 > 0:08:44with the Oscars coverage.
0:08:44 > 0:08:47But revenues at the firm have been flat recently,
0:08:47 > 0:08:50in part because America is slowly falling out of love with the sugary
0:08:50 > 0:08:58drinks it helped popularise.
0:08:58 > 0:09:01And we'll see whether any company can survive when the behemoth
0:09:01 > 0:09:04which is Amazon enters their market when Blue Apron reports.
0:09:04 > 0:09:07It's a food brand also aimed at busy, young people,
0:09:07 > 0:09:09which specialises in home delivered meal kits complete with all
0:09:09 > 0:09:11the necessary fresh ingredients.
0:09:11 > 0:09:14Its shares have lost almost three quarters of their value
0:09:14 > 0:09:20since the company floated to great fanfare last summer.
0:09:23 > 0:09:30Joining us is Jeremy Cook, Chief Economist at World First.
0:09:30 > 0:09:38Hello.Good morning. Inflation back in the spotlight again. Intertwined
0:09:38 > 0:09:43with interest rates. We get the latest reading in the UK, investors
0:09:43 > 0:09:48will look at that very closely.Yes, UK numbers at 9:30am, US numbers
0:09:48 > 0:09:53tomorrow, it all comes back to huge volatility we had last week, the
0:09:53 > 0:09:59Friday before, taking you back 10-11 days, big wage numbers from the
0:09:59 > 0:10:03United States, people saying are we getting to the point in the US for
0:10:03 > 0:10:09we talk about high-level soccer inflation, is a very high, the
0:10:09 > 0:10:13global financial crisis or inflation rate is quite low, but are above
0:10:13 > 0:10:18where it central banks and investors have what used to over the course of
0:10:18 > 0:10:22the last ten years. If that glacial numbers from the US tomorrow is
0:10:22 > 0:10:27high, showing with the stimulus coming through from the Trump tax
0:10:27 > 0:10:33plan, we are at towards the end of the cycle of growth in the US
0:10:33 > 0:10:37economy, are we looking at a Federal Reserve may have to hike interest
0:10:37 > 0:10:41rates faster than it is at the moment?We've been keeping a close
0:10:41 > 0:10:44eye on South Africa, we are expecting an announcement in the
0:10:44 > 0:10:49next hour soak about the future of Jacob Zuma, the uncertainty and
0:10:49 > 0:10:53instability on the economy is a knock-on effect, Cyril Ramaphosa
0:10:53 > 0:10:59will have a lot to do when eventually he comes in.When he
0:10:59 > 0:11:02eventually comes in, Jacob Zuma is half President have limpid, the ANC
0:11:02 > 0:11:11have said we have not we have replaced you, the meeting, we expect
0:11:11 > 0:11:15an announcement as you said in the next hour, if he does not leave as a
0:11:15 > 0:11:21result of bad it will go to Parliament, it happened in the early
0:11:21 > 0:11:262000, as soon as Cyril Ramaphosa is in, we expect things to start
0:11:26 > 0:11:32picking up. The infrastructure needs it.We will find out in the next
0:11:32 > 0:11:37hour. Interesting times. You will be back with the paper stories but for
0:11:37 > 0:11:39now, thank you and nice to see you.
0:11:39 > 0:11:41Still to come...
0:11:41 > 0:11:43We'll detangle the trials and tribulations of launching
0:11:43 > 0:11:44a multi-million dollar hair product.
0:11:44 > 0:11:47We'll meet to the inventor of the "tangle teezer".
0:11:47 > 0:11:51You're with Business Live from BBC News.
0:11:58 > 0:12:01It's a big day for the UK economy with inflation and house
0:12:01 > 0:12:05price figures due from the Office for National Statistics.
0:12:05 > 0:12:07Inflation reached a near six year high
0:12:07 > 0:12:11towards the end of last year, but has it peaked?
0:12:11 > 0:12:18Andrew Walker is here to tell us more.
0:12:18 > 0:12:22We were talking about what markets are looking for as far as inflation
0:12:22 > 0:12:27is concerned that this has an effect on the money in our pocket.
0:12:27 > 0:12:32Absolutely, what most people are expecting is another small decline
0:12:32 > 0:12:36in the headline rate of inflation, consumer price inflation, the most
0:12:36 > 0:12:42recent figure was 3%, the peak, probably the peak was 3.1% a couple
0:12:42 > 0:12:47of months earlier, the figure we are expecting for January is to put
0:12:47 > 0:12:51nine. The question is have we seen the end of the spike in inflation,
0:12:51 > 0:12:54following from the decline in the value of sterling which makes
0:12:54 > 0:12:58imported goods more expensive. It may be that we are now passed that
0:12:58 > 0:13:03peak although a small word of warning from the Bank of England.
0:13:03 > 0:13:08They have suggested that the recent rise we have seen in the price of
0:13:08 > 0:13:11crude oil although it was partly reversed in the financial markets,
0:13:11 > 0:13:17there has been a boost to the price of crude oil, that might feed
0:13:17 > 0:13:21through and put English and back up a little bit, again, but the chances
0:13:21 > 0:13:25are in terms of the effect of the decline of sterling, we are probably
0:13:25 > 0:13:33through the worst of it.What impact could this have in terms of any
0:13:33 > 0:13:38impact from the Bank of England?Key thing is whether this decline from
0:13:38 > 0:13:42the peak continues. We are expecting the Bank of England to start raising
0:13:42 > 0:13:51interest rates fairly soon. If this decline continues at the kind afraid
0:13:51 > 0:13:56we have been seeing the applications for the Bank of England will be that
0:13:56 > 0:14:00they will move slowly and in very small steps. The big question I
0:14:00 > 0:14:05suppose is if there is a decisive upturn again then they might start
0:14:05 > 0:14:08thinking about the need to move more quickly but it's not what we are
0:14:08 > 0:14:14expecting.Andrew, thank you. Full coverage of that in the BBC Business
0:14:14 > 0:14:18live page and the story catching our ride, don't use showgirls to sell
0:14:18 > 0:14:24roof tiles as the headline, a lot of controversy late about red girls and
0:14:24 > 0:14:31promotional girls, this story on the BBC Business live page. Not the most
0:14:31 > 0:14:34obvious connection. A new industry regulator will issue a code of
0:14:34 > 0:14:36conduct.
0:14:42 > 0:14:47You are watching business life.
0:14:47 > 0:14:48You're watching Business Live.
0:14:48 > 0:14:51Our top story - the travel operator Thomas Cook has resumed
0:14:51 > 0:14:52holidays to Tunisia.
0:14:52 > 0:14:54It's the first time the company has operated
0:14:54 > 0:14:56in the country since the deadly terror attacks which killed 60
0:14:56 > 0:15:01people, 3 years ago.
0:15:01 > 0:15:04We have been discussing how the country is getting itself back on
0:15:04 > 0:15:04track.
0:15:04 > 0:15:12A quick look at how markets are faring....
0:15:12 > 0:15:14Can you imagine being told your business idea
0:15:14 > 0:15:15was destined to fail?
0:15:15 > 0:15:18Not only that, but being told that on national television.
0:15:18 > 0:15:21Well that's what happened to our next guest when he appeared
0:15:21 > 0:15:24on the reality TV show Dragon's Den when pitching an idea
0:15:24 > 0:15:27for a new type of hairbrush - that detangles knotted hair.
0:15:27 > 0:15:29He came up with the idea for the product in 2004.
0:15:29 > 0:15:31After three years of research he launched it and took
0:15:31 > 0:15:34it onto Dragon's Den - looking for an investment of $110,00
0:15:34 > 0:15:36in return for a share of 15% of the company.
0:15:36 > 0:15:38What he got instead, was flat out rejection.
0:15:38 > 0:15:41But he was not to be put off - and despite the mauling
0:15:41 > 0:15:44he got from the lions - Tangle Teezer has expanded to more
0:15:44 > 0:15:45than 70 countries...
0:15:45 > 0:16:16And and is now a business worth an estimated $270 million.
0:16:16 > 0:16:17Astonished by those numbers.
0:16:17 > 0:16:20Shaun Pulfrey, founder and inventor of Tangle Teezer joins us now.
0:16:20 > 0:16:26Welcome.It is so nice to be back on the BBC.And we cannot say that your
0:16:26 > 0:16:30business is going to be a failure. We don't have any money to give you.
0:16:30 > 0:16:33LAUGHTER You proved them wrong. And it's
0:16:33 > 0:16:40this, this is one of them, well, one of the new ones.The original Tangle
0:16:40 > 0:16:46Teezer, that is what I presented to the Dragons. But this has now been
0:16:46 > 0:16:49launched into the pet market.They look similar and they work in the
0:16:49 > 0:16:54same way?The principle, yes, why change something which is successful
0:16:54 > 0:16:58already. We had a lot of feedback from our consumers. Somebody said
0:16:58 > 0:17:03that they used it on their pet. I would have been more concerned in
0:17:03 > 0:17:11the early days about that. But I've been working with dog rumours,
0:17:11 > 0:17:14looking at... Working with Battersea dogs home. Although they look
0:17:14 > 0:17:17similar, that's the winning formula, but the technology is different.
0:17:17 > 0:17:25It's dealing with shedding and detangling. We like to think we
0:17:25 > 0:17:28innovate different products that do the job.Let's get back all of those
0:17:28 > 0:17:33years when you invented it. I have a daughter with really curly hair, I
0:17:33 > 0:17:37have two of these. I have been asked to model this. I shall do it. A
0:17:37 > 0:17:43first for me.It will work.I know that they work, I use them at home.
0:17:43 > 0:17:48I never use my hairbrush on my daughter because she would just
0:17:48 > 0:17:53scream in pain. What is so special about it? What makes it work?It was
0:17:53 > 0:17:58based on an idea right had when I used to do it in the salon. We had
0:17:58 > 0:18:02to engage with the hair. But the instant you start combing you will
0:18:02 > 0:18:10get tangles. Two years of backwards and forwards try to create it. We
0:18:10 > 0:18:15came up with the way the Tees interact and react with hair. In the
0:18:15 > 0:18:23past it had to be active, but this is passive. -- on the way the teeth
0:18:23 > 0:18:27into Iraq. The attitude to women was that a hairbrush was an all-round
0:18:27 > 0:18:35thing. That cannot be used with blow drying. That's why we had brushes
0:18:35 > 0:18:41with a handle for that.You are now a huge success. What goes through
0:18:41 > 0:18:47your mind... People of that business acumen, they know their stuff and
0:18:47 > 0:18:53they say it is destined to fail. That must take resilience on your
0:18:53 > 0:18:57part.I agree totally. It possibly wasn't the best pitch. I didn't
0:18:57 > 0:19:01convey that I had done a lot of research and that there was demand.
0:19:01 > 0:19:07But I had been working in the industry since I was 16. I put that
0:19:07 > 0:19:11paces in the salon. Even though it was a private venture. But I put it
0:19:11 > 0:19:14through its paces. The feedback I got was that it would be a success.
0:19:14 > 0:19:23When you came out of the failed pitch, what went through your mind?
0:19:23 > 0:19:25Well you determined to make a success of yourself?My
0:19:25 > 0:19:31determination was already there. They didn't destroy it. -- were you
0:19:31 > 0:19:36determined. I was always prepared for rejection. But you cannot reject
0:19:36 > 0:19:37what you don't get. LAUGHTER
0:19:37 > 0:19:40Didn't your website crash after you had been on TV because 70 people
0:19:40 > 0:19:48wanted it?Good point. I thought, if the dragons don't get it, there must
0:19:48 > 0:19:54be thousands of people at home that want it. -- because so many people
0:19:54 > 0:20:02wanted it.You have had phenomenal worldwide success.I have won
0:20:02 > 0:20:06awards, everything.You have made a decision to go into the pet market.
0:20:06 > 0:20:10Are you not scared about devaluing the brand? Why have you made the
0:20:10 > 0:20:16decision?More because the brand is established. We now have a blow
0:20:16 > 0:20:19styling finishing tool. In the industry we have a selection of
0:20:19 > 0:20:25tools. The pet one is just on the detangling one. Time to move on. We
0:20:25 > 0:20:32see lots of similar items in the pet world. They were using a similar
0:20:32 > 0:20:36product. We felt confident to go into the market, particularly in the
0:20:36 > 0:20:41UK in the domestic market because it was so well-established as a brand.
0:20:41 > 0:20:45We were asking people this morning. A quarter of all university students
0:20:45 > 0:20:49want to set their own firm. They don't want to work for anybody else.
0:20:49 > 0:20:55If are watching, what are your tips for them?It sounds good. -- if any
0:20:55 > 0:21:03of them are watching. You've got to have a passion. The friends you
0:21:03 > 0:21:07collaborate with at first will soon be your rivals. It isn't that easy
0:21:07 > 0:21:13at first. But I wouldn't change it. It is also manufactured in Britain,
0:21:13 > 0:21:17which I am very proud of.You should be. Thanks.
0:21:17 > 0:21:22We've had lots of messages. Alistair says a record 4.8 million people are
0:21:22 > 0:21:28self employed today, do it but with your eyes open. The median wage was
0:21:28 > 0:21:31self-employed is below the average. Not everybody like Sean is a
0:21:31 > 0:21:36millionaire. Brian says I've just started my own
0:21:36 > 0:21:39business in accounting, not the easiest but it is fantastic that I
0:21:39 > 0:21:43can work for myself. Keep your messages coming.
0:21:43 > 0:21:46In a moment we'll take a look through the Business Pages but first
0:21:46 > 0:21:48here's a quick reminder of how to get in touch with us.
0:21:49 > 0:21:54Stay up-to-date with all of the day's business news as it happens on
0:21:54 > 0:21:58the business live page. There is inside analysis from our team of
0:21:58 > 0:22:02editors right around the globe. And we want to hear from you. Get
0:22:02 > 0:22:09involved on the BBC's business life web page... -- business live web
0:22:09 > 0:22:10page.
0:22:13 > 0:22:15And you can find us on Facebook...
0:22:18 > 0:22:30Business live, on TV and online, what you need to know. Quarter of
0:22:30 > 0:22:34all university students leaving one to start up their own business. As
0:22:34 > 0:22:38we heard from our previous guest it is easier said than done.It is. But
0:22:38 > 0:22:42there is a lot more support for young entrepreneurs looking to set
0:22:42 > 0:22:46up. If that's an accountancy service, but also if they are
0:22:46 > 0:22:51selling online, selling through eBay, Amazon... They might be
0:22:51 > 0:22:59importing goods from China. Selling them here, or selling them abroad.
0:22:59 > 0:23:03With the Internet you can buy anything from one place and sell it
0:23:03 > 0:23:11in another place.Ship it off somewhere else.There are not
0:23:11 > 0:23:14barriers for importing.You don't have to have a premises, warehouse,
0:23:14 > 0:23:19things like that, because they're all of these big websites that will
0:23:19 > 0:23:23be able to warehouse everything for you. Everybody has a side hustle
0:23:23 > 0:23:30these days.Side hustle! CHUCKLES
0:23:30 > 0:23:44Let's talk about Apple Music and spot if -- and Spotify. Apple was
0:23:44 > 0:23:47originally the catch-up service, but they might be taking over.Yes, this
0:23:47 > 0:23:56is a -- this is another story of you Google, are you Apple?And you
0:23:56 > 0:23:59cannot have a bit from here added it from there.I recently bought a
0:23:59 > 0:24:04Google phone. It is in sync with everything in the house. I didn't
0:24:04 > 0:24:10realise it but everything is Google in my house, apart from the iPad
0:24:10 > 0:24:14which doesn't work any more, so I need to get rid of it. If you have
0:24:14 > 0:24:18an iPad, if you have the new Apple home speaker service, their version
0:24:18 > 0:24:22of Alexa, then the music you are going to have to listen to is Apple
0:24:22 > 0:24:31music. Facebook tied in with Instagram and it basically killed
0:24:31 > 0:24:35SnapChat.It is about the reliance on the dominance. You cannot be
0:24:35 > 0:24:39bothered to get something else to talk with the other device.Google
0:24:39 > 0:24:43has the information side of thing. Apple is the entertainment side of
0:24:43 > 0:24:50things. Amazon is just buying everything. It is putting pressure
0:24:50 > 0:24:55on companies like Blue Apron. It'll be interesting to see if people are
0:24:55 > 0:24:59cross-border within this market and saying everything I use for
0:24:59 > 0:25:02entertainment is Apple, everything I work is Google, and everything I
0:25:02 > 0:25:07shop is Amazon.The battery is taking the bite out of the power
0:25:07 > 0:25:17market. Batteries being charged by renewable energy.When the football
0:25:17 > 0:25:22is over and everybody puts the kettle on. There is a huge surge in
0:25:22 > 0:25:28the demand for electricity. There are certain power stations which
0:25:28 > 0:25:32apparently run into action to make sure the grid doesn't crash. These
0:25:32 > 0:25:35new giant batteries are set up alongside the power grid to make
0:25:35 > 0:25:42sure that these are smoothed out. It's interesting to see we are
0:25:42 > 0:25:47becoming more electronic.Battery technology is so important.We see
0:25:47 > 0:25:52it in the car industry, so why not our homes, as well? Exactly.Thanks
0:25:52 > 0:25:53very much.
0:25:53 > 0:25:54That's it from Business Live today.
0:25:54 > 0:25:57There will be more business news throughout the day on the BBC Live
0:25:57 > 0:25:59webpage and on World Business Report.
0:25:59 > 0:26:03We'll see you again tomorrow.